Bank of Estonia recorded a 14.5% m/m decline in assets in November, which amounted to EEK 32bn (EUR 2.0bn) as of end-November. The banks gold and net foreign reserves declined by 15.5% m/m in November, and amounted to EEK 29.1bn as of end-November. The decline was due to lowering banks mandatory reserve norm from 11% to 7% at the beginning of November. Demand for base money declined by 18.3% m/m and stood at EEK 23.5bn as of end-November. |
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Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more